EOG Resources, Inc. (NYSE:EOG) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in EOG Resources, Inc. (NYSE:EOG - Free Report) by 30.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,449,449 shares of the energy exploration company's stock after buying an additional 336,020 shares during the quarter. Victory Capital Management Inc. owned 0.26% of EOG Resources worth $177,673,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EOG. Mainstream Capital Management LLC acquired a new stake in EOG Resources in the fourth quarter valued at $25,000. Torray Investment Partners LLC grew its holdings in shares of EOG Resources by 5.9% in the 4th quarter. Torray Investment Partners LLC now owns 150,612 shares of the energy exploration company's stock worth $18,462,000 after acquiring an additional 8,378 shares during the period. Commerzbank Aktiengesellschaft FI increased its stake in EOG Resources by 46.6% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,448 shares of the energy exploration company's stock valued at $537,000 after purchasing an additional 1,413 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in EOG Resources by 4.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,192,314 shares of the energy exploration company's stock worth $2,230,014,000 after purchasing an additional 781,282 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its position in EOG Resources by 8.6% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 26,828 shares of the energy exploration company's stock worth $3,289,000 after purchasing an additional 2,115 shares in the last quarter. Institutional investors and hedge funds own 89.91% of the company's stock.

EOG Resources Trading Up 0.3 %

Shares of EOG traded up $0.31 during mid-day trading on Thursday, hitting $122.16. The company had a trading volume of 3,948,323 shares, compared to its average volume of 3,005,054. EOG Resources, Inc. has a 1-year low of $115.57 and a 1-year high of $139.67. The business's 50-day simple moving average is $129.36 and its 200-day simple moving average is $127.76. The stock has a market cap of $68.71 billion, a PE ratio of 9.84, a P/E/G ratio of 3.58 and a beta of 1.27. The company has a quick ratio of 2.07, a current ratio of 2.31 and a debt-to-equity ratio of 0.13.

EOG Resources (NYSE:EOG - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The energy exploration company reported $2.74 earnings per share for the quarter, beating analysts' consensus estimates of $2.55 by $0.19. The company had revenue of $5.59 billion for the quarter, compared to analyst estimates of $5.96 billion. EOG Resources had a net margin of 29.18% and a return on equity of 23.77%. Sell-side analysts forecast that EOG Resources, Inc. will post 11.47 earnings per share for the current year.

EOG Resources Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 16th will be given a dividend of $0.975 per share. This represents a $3.90 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Wednesday, April 16th. EOG Resources's dividend payout ratio (DPR) is presently 34.73%.

EOG Resources declared that its Board of Directors has approved a share buyback plan on Thursday, November 7th that allows the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization allows the energy exploration company to reacquire up to 7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EOG. StockNews.com cut EOG Resources from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Wells Fargo & Company upgraded shares of EOG Resources from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $147.00 to $150.00 in a report on Tuesday, December 17th. Citigroup upped their price target on shares of EOG Resources from $127.00 to $134.00 and gave the company a "neutral" rating in a report on Tuesday, November 26th. Raymond James raised their price objective on shares of EOG Resources from $167.00 to $175.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, Piper Sandler reduced their target price on EOG Resources from $141.00 to $135.00 and set a "neutral" rating on the stock in a research note on Thursday. Twelve analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $145.80.

Insiders Place Their Bets

In other EOG Resources news, COO Jeffrey R. Leitzell sold 4,000 shares of EOG Resources stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $120.89, for a total transaction of $483,560.00. Following the transaction, the chief operating officer now directly owns 42,703 shares of the company's stock, valued at $5,162,365.67. The trade was a 8.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by insiders.

EOG Resources Company Profile

EOG Resources, Inc, together with its subsidiaries, explores for, develops, produces, and markets crude oil, natural gas liquids, and natural gas primarily in producing basins in the United States, the Republic of Trinidad and Tobago and internationally. The company was formerly known as Enron Oil & Gas Company.